What is a trade barrier? Why did the Indian Government put up trade barriers after Independence? Explain.
Answers
Answered by
390
A trade barrier is any restriction put by the government to increase or decrease foreign trade.
The Indian government put up trade barriers after independence because of the following reasons:
To protect indian traders from foreign competition.
Industries were coming up at the stage, so indian industries were allowed to import only essential items.
The Indian government put up trade barriers after independence because of the following reasons:
To protect indian traders from foreign competition.
Industries were coming up at the stage, so indian industries were allowed to import only essential items.
Answered by
38
Answer:
Any kind of restrictions which are imposed by the government of a country to check free flow of goods and services are known as trade barrier .
Indian govt. put trade barrier after independence bcoz of following reasons :-
1) industries were coming up at the stage so indian industries were allowed to improve to import only essential items .
2) And to protect the producers within the country from foreign competition .
Hope it helps u .....
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